Central Europe / Tech

Samsung announces €1.2bn expansion of Hungarian EV battery plant

bne IntelliNews October 11, 2019

Ambitious expansion plans for the plant near Budapest will make it one of the largest in the world, as Hungary becomes a centre of EV battery production for Europe's growing electric car industry.

Hungary utility-scale solar capacity reaches 1.1GW

bne IntelliNews October 7, 2019

Hungary can rely on two energy sources, nuclear and solar energy to meet the climate goals set out in the Paris Agreement, said President Janos Ader recently.

GS Yuasa inaugurates EV battery plant in Hungary

Levente Szilagyi in Budapest October 2, 2019

Four South Korean e-car battery makers have chosen Hungary for their production sites, as European car manufacturers prepare to expand or replace their existing models with new fully electric or hybrid models.

Tesla hopes to open stores in Croatia, Serbia and Slovakia in early 2020

bne IntelliNews September 24, 2019

"Finally, we will do Nikola Tesla proud by having his cars in his countries of origin!" said Tesla CEO Elon Musk.

Hungary in talks with half a dozen shared service centres

Levente Szilagyi in Budapest September 18, 2019

More than 110 companies operate service centres in the country, employing approximately 50,000 people, mainly young specialists who speak foreign languages.